CATEGORY: WORKER BENEFIT CHANGES
PROPOSAL:Credit earnings to caregivers' records: Up to 5 years at one-half average wage when caring for children under age six
Start date: 2015  End date: not applicable  Proposed by: National Academy of Social Insurance

Projected effects on beneficiaries in 2030

Table 1. Individual benefit changes, 2030: Caregiver Credits vs. Scheduled
POPULATION: current law beneficiaries aged 60+
Characteristic All Beneficiaries Affected Beneficiaries
Median Percent Change Percent With Median Percent Change Percent With
Lower Benefits Higher Benefits Lower Benefits Higher Benefits
Total 0% 1% 18% 4% 96%
Sex
Female 0% 1% 22% 5% 95%
Male 0% 0% 14% 1% 99%
Ethnicity/Race
Hispanic 0% 1% 39% 1% 99%
White 0% 1% 14% 5% 95%
Black 0% 0% 25% 1% 99%
Other 0% 1% 27% 4% 96%
Country of Birth
U.S. 0% 1% 15% 4% 96%
Foreign 0% 1% 40% 3% 97%
Age
60-69 0% 1% 30%
70-79 0% 1% 20%
80-89 0% 0% 0%
90+ 0% 0% 0%
Marital Status
Married 0% 1% 22% 5% 95%
Divorced 0% 0% 18% 1% 99%
Widowed 0% 0% 9% 1% 99%
Never Married 0% 0% 13% 0% 100%
Education
Graduate 0% 1% 11% 5% 95%
Bachelor 0% 1% 15% 6% 94%
Associate 0% 1% 17% 4% 96%
High School 0% 1% 19% 3% 97%
Less than 12 Yrs 0% 1% 37% 2% 98%
Official Poverty
Above poverty 0% 1% 17% 4% 96%
In poverty 0% 1% 38% 2% 98%
Household Income Quintile
$175,526+ 0% 1% 12% 9% 91%
$97,521 - $175,526 0% 1% 15% 6% 94%
$57,224 - $97,521 0% 0% 18% 3% 97%
$30,478 - $57,224 0% 0% 20% 2% 98%
$0-$30,478 0% 0% 26% 1% 99%
Current Law Benefit Type
Retired worker 0% 0% 20% 0% 100%
Widow(er) 0% 0% 6% 1% 99%
Spouse 0% 7% 23% 24% 76%
Disabled worker 0% 0% 32% 0% 100%
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: NASI0331v1
Note: — = sample size is too small.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 2. Household income changes, 2030: Caregiver Credits vs. Scheduled
POPULATION: current law beneficiaries aged 60+
Characteristic All Beneficiaries Affected Beneficiaries
Median Percent Change Percent With Median Percent Change Percent With
Lower Income Higher Income Lower Income Higher Income
Total 0% 0% 11% 1% 54%
Sex
Female 0% 0% 12% 1% 50%
Male 0% 0% 11% 1% 61%
Ethnicity/Race
Hispanic 0% 0% 28% 1% 67%
White 0% 0% 8% 0% 1% 47%
Black 0% 0% 17% 1% 65%
Other 0% 1% 16% 2% 53%
Country of Birth
U.S. 0% 0% 8% 0% 1% 49%
Foreign 0% 0% 27% 1% 64%
Age
60-69 0% 0% 18%
70-79 0% 0% 12%
80-89 0% 0% 1%
90+ 0% 0% 0%
Marital Status
Married 0% 0% 13% 0% 1% 47%
Divorced 0% 0% 13% 2% 69%
Widowed 0% 0% 6% 1% 66%
Never Married 0% 0% 10% 2% 74%
Education
Graduate 0% 0% 5% 0% 0% 38%
Bachelor 0% 0% 7% 0% 1% 42%
Associate 0% 0% 10% 1% 51%
High School 0% 0% 12% 1% 57%
Less than 12 Yrs 0% 1% 28% 2% 70%
Official Poverty
Above poverty 0% 0% 10% 1% 51%
In poverty 0% 2% 33% 5% 83%
Household Income Quintile
$175,526+ 0% 0% 1% 0% 0% 4%
$97,521 - $175,526 0% 0% 4% 0% 1% 21%
$57,224 - $97,521 0% 0% 10% 0% 0% 47%
$30,478 - $57,224 0% 0% 18% 1% 74%
$0-$30,478 0% 1% 25% 2% 90%
Current Law Benefit Type
Retired worker 0% 0% 12% 1% 56%
Widow(er) 0% 0% 4% 1% 65%
Spouse 0% 1% 10% 0% 5% 33%
Disabled worker 0% 0% 23% 0% 69%
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: NASI0331v1
Note: — = sample size is too small.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 3. Poverty, 2030: Caregiver Credits vs. Scheduled
POPULATION: current law beneficiaries aged 60+
Characteristic Poverty Rate Population Change (thousands)
Scheduled Option Change
Total 4.9% 4.5% -0.4% -281
Sex
Female 5.3% 4.9% -0.5% -187
Male 4.3% 4.1% -0.3% -93
Ethnicity/Race
Hispanic 8.8% 8.0% -0.8% -63
White 3.5% 3.3% -0.2% -129
Black 9.0% 8.3% -0.7% -53
Other 7.7% 6.9% -0.8% -34
Country of Birth
U.S. 4.2% 3.9% -0.2% -150
Foreign 8.8% 7.6% -1.1% -130
Age
60-69 5.7% 5.2% -0.5% -133
70-79 4.9% 4.5% -0.4% -139
80-89 3.8% 3.8% -0.1% -7
90+ 2.5% 2.5% 0.0% 0
Marital Status
Married 1.9% 1.7% -0.2% -88
Divorced 8.3% 7.5% -0.7% -99
Widowed 5.8% 5.5% -0.4% -45
Never Married 17.0% 16.1% -0.9% -47
Education
Graduate 1.4% 1.1% -0.2% -21
Bachelor 2.2% 1.9% -0.2% -30
Associate 3.6% 3.3% -0.2% -40
High School 6.1% 5.7% -0.4% -109
Less than 12 Yrs 13.9% 12.6% -1.3% -78
Official Poverty
Above poverty 0.0% 0.0% 0.0% 0
In poverty 100.0% 92.2% -7.8% -281
Household Income Quintile
$175,526+ 0.1% 0.1% 0.0% 0
$97,521 - $175,526 0.1% 0.1% -0.1% -7
$57,224 - $97,521 0.3% 0.2% -0.1% -15
$30,478 - $57,224 0.8% 0.7% -0.1% -9
$0-$30,478 23.0% 21.3% -1.7% -248
Current Law Benefit Type
Retired worker 4.6% 4.2% -0.4% -197
Widow(er) 5.0% 4.7% -0.3% -37
Spouse 5.5% 5.1% -0.4% -26
Disabled worker 8.5% 7.8% -0.6% -19
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: NASI0331v1
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 4. Beneficiary characteristics, 2030: Caregiver Credits vs. Scheduled
POPULATION: current law beneficiaries aged 60+
Characteristic All beneficiaries Affected beneficiaries Beneficiaries with lower benefits Beneficiaries with higher benefits
Number (thousands) Percent Number (thousands) Percent Number (thousands) Percent Number (thousands) Percent
Total 73,810 100.0 14,121 100.0 506 100.0 13,615 100.0
Sex
Female 39,993 54.2 9,305 65.9 440 86.9 8,865 65.1
Male 33,817 45.8 4,816 34.1 66 13.1 4,750 34.9
Ethnicity/Race
Hispanic 7,865 10.7 3,106 22.0 46 9.1 3,060 22.5
White 54,004 73.2 7,908 56.0 387 76.5 7,521 55.2
Black 7,559 10.2 1,885 13.3 23 4.5 1,862 13.7
Other 4,382 5.9 1,222 8.7 50 9.9 1,172 8.6
Country of Birth
U.S. 62,372 84.5 9,474 67.1 378 74.7 9,096 66.8
Foreign 11,438 15.5 4,647 32.9 128 25.3 4,519 33.2
Age
60-69 24,505 33.2 7,574 53.6 162 32.0 7,412 54.4
70-79 31,533 42.7 6,521 46.2 344 68.0 6,177 45.4
80-89 14,979 20.3 26 0.2 . . . . . . 26 0.2
90+ 2,793 3.8 . . . . . . . . . . . . . . . . . .
Marital Status
Married 41,785 56.6 9,721 68.8 478 94.5 9,242 67.9
Divorced 13,632 18.5 2,492 17.6 21 4.2 2,470 18.1
Widowed 12,828 17.4 1,167 8.3 6 1.2 1,161 8.5
Never Married 5,566 7.5 741 5.2 . . . . . . 741 5.4
Education
Graduate 8,636 11.7 998 7.1 45 8.9 953 7.0
Bachelor 13,936 18.9 2,160 15.3 124 24.4 2,037 15.0
Associate 16,752 22.7 2,942 20.8 110 21.7 2,832 20.8
High School 28,256 38.3 5,678 40.2 188 37.1 5,490 40.3
Less than 12 Yrs 6,230 8.4 2,343 16.6 40 7.9 2,303 16.9
Official Poverty
Above poverty 70,205 95.1 12,725 90.1 485 95.8 12,241 89.9
In poverty 3,604 4.9 1,396 9.9 21 4.2 1,374 10.1
Household Income Quintile
$175,526+ 14,762 20.0 2,028 14.4 190 37.6 1,838 13.5
$97,521 - $175,526 14,762 20.0 2,427 17.2 145 28.7 2,282 16.8
$57,224 - $97,521 14,763 20.0 2,663 18.9 67 13.3 2,596 19.1
$30,478 - $57,224 14,759 20.0 3,071 21.7 56 11.1 3,015 22.1
$0-$30,478 14,763 20.0 3,931 27.8 47 9.3 3,884 28.5
Current Law Benefit Type
Retired worker 51,869 70.3 10,363 73.4 28 5.6 10,334 75.9
Widow(er) 12,154 16.5 759 5.4 4 0.9 755 5.5
Spouse 6,571 8.9 1,955 13.8 473 93.5 1,482 10.9
Disabled worker 3,215 4.4 1,044 7.4 . . . . . . 1,044 7.7
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: NASI0331v1
Note: . . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 5. Beneficiary Status, 2030: Caregiver Credits vs. Scheduled (in thousands)
POPULATION: current law or option beneficiaries aged 60+
Characteristic Current Law Beneficiaries Changes in beneficiary status under proposed option Policy Option Beneficiaries
Added Removed Net Change
Total 73,810 -2 74,178
Sex
Female 39,993 0 40,255
Male 33,817 -2 33,923
Ethnicity/Race
Hispanic 7,865 0 7,956
White 54,004 -2 54,135
Black 7,559 0 7,635
Other 4,382 0 4,452
Country of Birth
U.S. 62,372 -2 62,534
Foreign 11,438 0 11,644
Age
60-69 24,505 -2 24,704
70-79 31,533 0 31,702
80-89 14,979 0 0 14,979
90+ 2,793 0 0 2,793
Marital Status
Married 41,785 -2 41,979
Divorced 13,632 0 13,693
Widowed 12,828 0 12,884
Never Married 5,566 0 5,622
Education
Graduate 8,636 0 8,661
Bachelor 13,936 -2 13,991
Associate 16,752 0 16,782
High School 28,256 0 28,388
Less than 12 Yrs 6,230 0 6,356
Official Poverty
Above poverty 70,205 -2 70,353
In poverty 3,604 0 3,825
Household Income Quintile
$175,526+ 14,762 -2 14,782
$97,521 - $175,526 14,762 0 14,796
$57,224 - $97,521 14,763 0 14,803
$30,478 - $57,224 14,759 0 14,798
$0-$30,478 14,763 0 14,999
Current Law Benefit Type
Retired worker 51,869 -2 -1 51,867
Widow(er) 12,154 0 0 12,154
Spouse 6,571 0 0 6,571
Disabled worker 3,215 0 0 3,215
None 0 0 370
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: NASI0331v1
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.